Surveillance: JPMorgan To Acquire First Republic
Bloomberg Surveillance
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The Fed's Unanimity on Rates
Jay Powell channeled his inner pole voker when he wanted to be reappointed. The Fed has really put a huge bullseye on its back and it could have been prevented. People are expecting the market is pricing in a 25 basis point rate hike at Wednesday's meeting. But right now, given where we are, given how quickly they've raised rates, what is the bigger risk? If they pause at this point, is that the right course of action?
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